NEW YORK, February 13, 2020 – NYSE American LLC (“NYSE American” or the “Exchange”) announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the common stock of The McClatchy Company (the “Company”) — ticker symbol “MNI” — from the Exchange.  Trading in the Company’s common stock on the NYSE American will be suspended immediately.

NYSE Regulation has determined that the Company is no longer suitable for listing and will commence delisting proceedings pursuant to Section 1003(c)(iii) of the NYSE American Company Guide.  On February 13, 2020, the Company announced that it has commenced a voluntary restructuring under Chapter 11 of the U.S. Bankruptcy Code for the Southern District of New York.  NYSE Regulation noted the uncertainty as to the timing and outcome of the bankruptcy process, as well as the ultimate effect of this process on the value of the Company’s common stock.

The Company has a right to a review of staff’s determination to delist the common stock by a committee of the Board of Directors of the Exchange.  The NYSE American will apply to the Securities and Exchange Commission to delist the Company’s common stock upon completion of all applicable procedures, including any appeal by the Company of the NYSE Regulation staff’s decision.

Company Contact:

Media
Jeanne Segal
202-383-6085
jsegal@mcclatchy.com

Investors
Stephanie Zarate
916-321-1931
szarate@mcclatchy.com